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Covergence technology.... there is definetly serious covergence of these techologies happening today. What are peoples thoughts and opinions on Futureone and their NeighborComm(TM) total convergence solution becoming a player in the industry? Wednesday March 24, 7:45 am Eastern Time Company Press Release Electronically Linked Communities of Tomorrow Becomes Reality Today FutureOne, Inc. Announces Convergence Superpackage Homes linked electronically to the immediate community and the world at large with television, telephone, and Internet coming into the home through one single source. Phoenix-based FUTUREONE, INC. (OTC BB:FUTO) is riding the crest of that wave. It is called convergence technology. FUTUREONE, INC., the total communication solutions company, announced they are changing the name of their newest technology, NeighborNet to NeighborComm(tm) (Neighborhood Communications Systems), enabling them to trademark the name and implement systems nationwide. NeighborComm, designed to be a turnkey communications ''last mile'' solution for community developers, is expected to revolutionize the way communities communicate. Its leading edge technology provides voice, video, and data via one high-speed, fiber optic networked connection to the homes, apartments, businesses and industrial complexes in a community. It provides a single communications solution, offering value-added services for residents as well as adding value to the properties designed by each developer. NeighborComm is currently being installed in the Ridgeview Development in Colorado Springs, Colo., with a contract worth $66 million over its projected lifetime. Companies such as AT&T (NYSE:T - news), Time Warner (NYSE:TWX - news), COX Communications (NYSE:COX - news), TCI (Nasdaq:TCICP - news), and US West (NYSE:USW - news), have shown an interest and are researching this new technology as well which confirms FutureOne's forward-looking plan to connect entire communities with feature-rich multi-service communications services. It is estimated the market potential for the ''last mile'' solution for FutureOne, Inc. alone could reach $528 million by 2001. FutureOne, Inc. utilizes technology from major vendors such as Cisco Systems (Nasdaq:CSCO - news), ASCEND (Nasdaq:ASND - news), LUCENT (Nasdaq:LU - news), IBM (NYSE:IBM - news), Dell Computers (Nasdaq:DELL - news), GST (Nasdaq:GSTX - news), ICG (Nasdaq:ICGX - news) and others. The process of merging voice, data and video is frequently referred to as ''convergence.'' The technology behind FutureOne's leading convergence service uses new and existing technology in a unique way. A layer 2 switching technology called Asynchronous Transfer Mode (ATM) is used. ATM is a transfer mode in which information is organized into cells and is then delivered extremely fast and robust with a high level of built-in intelligence. ATM is also circuit based and provides absolute quality of service for convergence technology. FutureOne's initial business was as an Internet Service Provider (ISP) which grew from 450 subscribers in 1996 to 12,000 in 1999. This division has also grown to provide value-added service such as custom software, web site development, site hosting and Internet marketing. With the clear vision of CEO, Kendall Northern, FutureOne has since expanded and acquired several complementary technology-based companies that are essential in the development of NeighborComm. These specialty divisions are: Kachina International., a wholesale communications hardware distributor with projected gross revenues of $1.2 million; OPEC, Corp., an underground fiber optic cabling company projecting revenues at $12 million; Priority Systems, a systems integration division with revenues projected to reach $1.5 million in 1999; Rocket Science Creative, a full-service advertising and e-commerce development firm with revenues projected to be $1million in 1999; and the Internet service provider division now called Networld estimated revenues of $3.5 million this year. The projected steady cash flow from each development provides FutureOne the opportunity to grow rapidly. And, with the ownership of specialized companies such as OPEC, Kachina and Priority Systems, FutureOne is in a positive position to obtain a competitive advantage over other convergence-type companies. According to the CEO of FutureOne, Inc., Kendall Northern, ''We're becoming the communications company of the future and and look forward to joining the ranks of companies such US WEST (NYSE:USW - news), TCI (Nasdaq:TCICP - news), COX Communications (NYSE:COX - news) and others by converging technologies and offering a large range of products and services including voice, data and video transmission to consumers with speeds 2,000 times faster than a 56k modem dial-up connection. This software gateway will create virtual communities out of neighborhoods. NeighborComm is designed to make the Internet more user-friendly by organizing the information and services available within the user's own community.'' For more information, log onto FutureOne's website at futureone.com or e-mail prf1@futureone.com. This press release may contain forward-looking statements. No explicit or implicit promises are intended herein. Any investment in these designated securities should be considered highly speculative. The company recommends that any prospective investor consult with his investment advisor or broker prior to investing in the company's securities. This press release is not intended as a general solicitation for an offer to buy nor an offer to sell securities. Anderson & Company''s compensation package for public relations services is fee-based only. FutureOne Inc.'s vision is to revolutionize the way the world communicates by providing integrated voice, data, and video solutions. FutureOne is accomplishing their vision of integrating technology and technology-based companies into an organization positioned to be the industry's leading multi-service communications provider servicing a broad base of consumers. | ||||||||||||
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